Private credit by deposit money banks and other financial in Papua New Guinea
Papua New Guinea: Private credit by deposit money banks and other financial was 19.1% in 2020. ▲ Rising
Private credit by deposit money banks and other financial in Papua New Guinea, 1973–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Papua New Guinea recorded 19.1% for private credit by deposit money banks and other financial in 2020.
That represents a change of up 5.9% on the previous year and down 9.6% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Papua New Guinea peaked at 29.2% in 1989 and was at its lowest, 11.4%, in 2006.
That places Papua New Guinea 147th out of 187 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Private credit by deposit money banks and other financial in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1973 | 15.0% | — |
| 1974 | 14.9% | -0.8% |
| 1975 | 15.8% | +6.0% |
| 1976 | 13.1% | -17.1% |
| 1977 | 13.0% | -0.4% |
| 1978 | 12.6% | -3.3% |
| 1979 | 12.5% | -0.5% |
| 1980 | 16.3% | +29.8% |
| 1981 | 19.6% | +20.9% |
| 1982 | 20.7% | +5.1% |
| 1983 | 19.5% | -5.5% |
| 1984 | 21.9% | +12.4% |
| 1985 | 23.3% | +6.1% |
| 1986 | 26.0% | +11.7% |
| 1987 | 24.8% | -4.3% |
| 1988 | 25.3% | +1.8% |
| 1989 | 29.2% | +15.2% |
| 1990 | 28.6% | -2.1% |
| 1991 | 26.1% | -8.6% |
| 1992 | 21.1% | -19.2% |
| 1993 | 16.9% | -20.1% |
| 1994 | 16.2% | -3.7% |
| 1995 | 14.5% | -10.4% |
| 1996 | 13.4% | -8.0% |
| 1997 | 17.3% | +29.1% |
| 1998 | 20.2% | +17.0% |
| 1999 | 17.6% | -12.9% |
| 2000 | 17.1% | -2.7% |
| 2001 | 16.4% | -4.2% |
| 2002 | 14.8% | -9.5% |
| 2003 | 13.5% | -8.9% |
| 2004 | 13.6% | +0.2% |
| 2005 | 14.1% | +3.7% |
| 2006 | 11.4% | -18.8% |
| 2007 | 14.0% | +22.3% |
| 2008 | 17.5% | +25.3% |
| 2009 | 21.7% | +23.8% |
| 2010 | 21.1% | -2.8% |
| 2011 | 20.9% | -0.7% |
| 2012 | 22.8% | +9.0% |
| 2013 | 25.1% | +10.0% |
| 2014 | 22.6% | -9.8% |
| 2015 | 22.5% | -0.3% |
| 2016 | 22.0% | -2.2% |
| 2017 | 19.3% | -12.4% |
| 2018 | 18.7% | -3.1% |
| 2019 | 18.0% | -3.8% |
| 2020 | 19.1% | +5.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 19.1% is below the median for lower middle income countries, which is 24.6%, 77% of the median. (46 countries reporting)
- Papua New Guinea's 19.1% is below the median for East Asia & Pacific, which is 114.2%, 17% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.8% | 12.5% | 15.8% | 7 |
| 1980s | 22.7% | 16.3% | 29.2% | 10 |
| 1990s | 19.2% | 13.4% | 28.6% | 10 |
| 2000s | 15.4% | 11.4% | 21.7% | 10 |
| 2010s | 21.3% | 18.0% | 25.1% | 10 |
| 2020s | 19.1% | 19.1% | 19.1% | 1 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0743 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0543 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0743 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Papua New Guinea?
- Private credit by deposit money banks and other financial in Papua New Guinea was 19.1% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Papua New Guinea?
- The highest recorded value was 29.2% in 1989.
- What is the lowest private credit by deposit money banks and other financial recorded in Papua New Guinea?
- The lowest recorded value was 11.4% in 2006.
- How does Papua New Guinea rank for private credit by deposit money banks and other financial?
- Papua New Guinea ranks 147th out of 187 countries with data for 2020.
- Is private credit by deposit money banks and other financial rising or falling in Papua New Guinea?
- Over the last ten years it is down 9.6%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)